CITRIX SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Citrix Systems, Inc.
NEW ORLEANS, La., November 24, 2021 / PRNewswire / – Kahn Swick & Foti, LLC (“KSF”) and KSF Affiliate, former Attorney General of Louisiana, Charles C. Foti, Jr., Remind investors that they are up January 18, 2022 Lead plaintiffs in a securities class action lawsuit against Citrix Systems, Inc. (NasdaqGS: CTXS) if they have the company’s shares between January 22, 2020 and October 6, 2021, including (the “Class Period”). This action is pending in The United States District Court for the southern district of Florida.
(PRNewsfoto / Kahn Swick & Foti, LLC)
What you can do
If you have purchased shares in Citrix and would like to discuss your legal rights and the implications of this case and your right to reimbursement of your economic loss, you can contact Lewis Kahn, Managing Partner of KSF, toll-free at 1-877-515 without obligation and free of charge -1850 or by email (firstname.lastname@example.org) or visit https://www.ksfcounsel.com/cases/nasdaqgs-ctxs/ to learn more. If you want to be the lead plaintiff in this class action lawsuit, you must file a motion with the court January 18, 2022.
About the lawsuit
Citrix and some of its executives are charged with failing to disclose material information during the class action period in violation of federal securities laws.
on July 29, 2021, the company announced that its transition to cloud-based services has not been as successful as the company has led investors to believe, citing “the need to evolve our sales strategy to achieve more predictable results” and a major restructuring of its business Sales management to “improve” [its] Focus on “cloud migration.
On the news, Citrix shares fell 13.6% from $ 114.55 per share too $ 99.00 per share.
Then, on October 6, 2021The company announced that its President and Chief Executive Officer (“CEO”) has resigned.
On the news, Citrix shares fell 7.2% in the next two days, from $ 105.96 per share too $ 98.32 per share.
The story goes on
The case is City of Hollywood Police officer retirement system v Citrix Systems, Inc., 21-cv-62380.
About Kahn Swick & Foti, LLC
KSF, to whose partners former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading boutique securities litigation law firms in the country. KSF assists a wide range of clients – including public institutional investors, hedge funds, asset managers and private investors – in finding reclaims for investment losses resulting from corporate fraud or misconduct by listed companies. KSF has offices in new York, California, Louisiana and New Jersey.
To learn more about KSF, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Khan, Executive Partner
Poydras Str. 1100, suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC